It isn't America that is paying for it, it's global investors. The American economy is propped up by European and Asian governments who prop their own currencies up with assets in dollars. The whole thing works on faith.
That is why we can afford it, that is how we can afford it.
Now why do these countries have faith in the dollar when it is so clearly dependant on outside forces?
They also have no choice, if they didn't have dollars to prop their economies up with, there wouldn't be anything at all to prop their economies up with, so their governments would collapse.
This is one of the major reasons why the rise of the EU and China is significant, those currencies will soon be strong enough that major structural investors would drop their U.S. bonds for them.
America is getting played right now, everyone else is waiting for us to fail in Iraq so they can get their hands in there. Then America loses Iraq, the investments shift to Euros, the American economy collapses and runs out of oil. All the other developing economies build pipelines to Iraq and the stage is set for a great nuclear war, because Americans are going to go insane from the humiliation of it.
It will be a lot like how Germany lost World War I, and America will run a big risk of falling into fascism.
And it could all have been stopped if Bush wouldn't have been elected in 2000. Unfortunately, Fox and CNN keep just enough people here ignorant.
2006-10-24 05:21:02
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answer #1
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answered by Jeremy 2
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They just turn the money press on and keep cranking out cash. Then when Bush is gone. We'll come to grip with what he did and the Democratc will pay for it. Recession is near. Just before Bush leaves maybe. But after he's gone for sure. Along with the trade imbalance I'd say we'r in big trouble. Oh .... I forgot, Corperate America sent all the middle class production jobs to China so the rich are richer now. Who's gonna pay for the middle class when there all on Public assistance. The govt. will again turn on the press. And it will come in the form of raised taxes by the Democrats..... I get carried away.
2006-10-24 11:52:36
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answer #2
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answered by iamME 3
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So so what are you saying you want the terrorists to win, because thats what it sounds like?
Ugh as long as there is money for the corporations that have a stranglehold on americas foreign policy to be made in Iraq we will keep funding this war.
2006-10-24 11:55:36
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answer #3
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answered by stephaniemariewalksonwater 5
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Why not? let do some math:
Assume 300M headcounts, here are the scenarios:
a. $2B per day, that would work out to about $2433.33 per day per each headcount in the US, that sounds too much
b. $2B per month, that would work out to about $160 per month per each headcount in the US; now this is very reasonable, for an insurance policy against terrorism; a family of 4 pays this much if they go the movies twice a month
2006-10-24 13:03:23
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answer #4
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answered by Phatt M 1
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simple we kick out the illegal aliens they sent 4.5 billion back to Mexico from the Texas economy last year alone.
that doesn't include the costs of welfare schooling hospitals etc...
plus your will fail in converting the world to Islam and that is priceless
2006-10-24 11:53:41
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answer #5
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answered by ken y 5
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Easy just keep borrowing money from the Skull&Bones owned World Bank at 5% interest.
Go big Red Go
2006-10-24 11:46:50
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answer #6
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answered by Anonymous
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Sure, it is not like they are spending it on education, healthcare, wildlife preservation, repairing roads or anything like that.
And as I am repeatedly told, America is the richest country in the world, so I don't see why not. (Though, not per capita. Also, their median income is a lot lower than their mean)
2006-10-24 11:48:55
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answer #7
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answered by dane 4
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Run the debt up as high as you want,then elect a democrat to balance the budget,it's getting old hat,but they have not caught on yet.
2006-10-24 11:54:27
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answer #8
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answered by kman1830 5
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Here's a better question: How long can we keep spending $1.5 trillion a year on welfare, which is unconstitutional?
2006-10-24 12:10:11
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answer #9
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answered by Anonymous
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may be a rich country is america?? thats ok they will pay more taxes
2006-10-24 12:09:43
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answer #10
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answered by jean marc l 6
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